I wouldn't say that. Yes, it devalues due to inflation but it's not worthless when you still need to buy your stuff.
It’s worthless if you keep it, I wanted to say. You can’t hold on to USD because it’ll just devalue due to inflation. You lose purchasing power. It sucks. It's true and that's what really happens but it's not really worthless at all, we convert btc to usd and to other fiat and that's why there's the process and use of it. Well said, a real asset that can be hedge against inflation.
Can be, sometimes. If your financial situation sucks and you get to buy Bitcoin in 2021 with all your life savings as a hedge against inflation, you’re screwed. It so far resembled a very very good investment over long term. But reality shows that while its price increased many many times, when economy goes bad Bitcoin gets pretty shaken and destabilized. That's true and another mistake that has been done by many, I saw people done it on 2017 and then 2018 has came and that was a long bear market. But those that understands that bitcoin is truly a good asset that can defeat inflation, you know what you are in.
|
|
|
Spending more doesn't assure you of getting more
It's actually the opposite to get on a better state. You spend less and earn more so that you'll actually get more. And to do this, you'll need to be wise in your expenditures and everything where your money is being spent. Those that earn more but are careless with their spending habits, they are having hard time in saving money and don't even look for a time to invest, don't be like that. So instead, earn more, get more and spend less and spend only on necessary things.
|
|
|
In fact, any cryptocurrency is tied to bitcoin, so I don’t see much difference here. I think many people understand this.
Yup. This is all true that the entire market is tied to bitcoin as most of the pairs are on it. Everyone understands who's been here for a while that the crypto market has always been so reliant on bitcoin. But bitcoin can't also skip whenever there are some news that are affecting the altcoins market. We've seen fiascos after fiascos and then those incidents have moved the market entirely as if it's totally tied at all.
|
|
|
There is no strategy that would always give a uniquely positive result.
But if there are strategy that's good and working for you, you do it repetitively until you're no longer see a success on it. Very often the market requires different approaches in the process of work.
While it's true that approach in the market differs a lot. Like if we're in a bull run, the strategy changes. And the same goes with the bear run, the strategy that you have to come up must change as well. So, if you do something good and it's effecient to you, no need to change anything.
|
|
|
You don't have to pressure yourself, if you're scared of the policies concerning you then just don't do it.
Because you'll never know the people that surrounds you and knows you will report it to the authorities that you're using something illegal in your country and that's Bitcoin.
You can secure yourself by just avoiding it as of the moment and until the government changes these policies then that will remove your worry. But as of now, just do what you think is right.
|
|
|
No one knows what will be the future of it. Of SEC is pulling an issie on it then there is nothing much you can expect from it. Remember when there is the SEC case against Ripple?
XRP never pumped again and even we have been through the bull cycle, it didnt changed anything on it from what many have expected about it of not doing much because of the SEC.
With Algorand, I don't know with it but if you think that it is having the same process as what I am mentioning then, that is it.
|
|
|
Faucets are good but they wont pay you much rather i think you can engage in doing some bounties, there are different types bounties you can do, like article, if you are good in writing, youtube video, etc,
They're more likely an introduction to the ones that you're explaining what crypto or bitcoin is. The same goes with bounties, they won't pay a lot just as the faucets. But if you're patient enough to collect all of those rewards you'll get from both of it, that's your decision which you think is fine or not. i think the time you will put in doing those faucets when put to doing bounties will pay you more in the end
You're unsure with it as well because not all bounties are paying.
|
|
|
Money is usually worthless. It devalues over time.
I wouldn't say that. Yes, it devalues due to inflation but it's not worthless when you still need to buy your stuff. We get a false feeling of the opposite happenig. Wage rises and you think you earn more, but reality is you earn.. less or just the same. Look at how much a McDonald’s burger used to cost back in their first business years. Look up how much it costs now. The price rose, but so did the minimum wage. I mean, salaries typically get a nation wide increase when cost of living becomes hard to cover with the minimum wage..
That's right and that's all due to inflation, salary may go up for most of the professionals but it's just equivalent to what the inflation that we are experiencing. And the sad part, many salaried men don't even get an appraisal even there's an inflation. Bitcoin has so far helped tremendously, given investors bought years ago and held without panicking. In theory, it should do the same in a matter of years if you buy today. Bitcoin has so far exceeded inflation impressively. It’s in fact supposed to do just that, be an asset that protects you from the failing fiat.
Well said, a real asset that can be hedge against inflation.
|
|
|
only 1% chance that BNB will go bankrupt and 99% BNB will last forever, because BNB is the most popular altcoin right now after Ethereum, this is proven by BNB being ranked 4th (below Ethereum),
If BNB is ranked 4th and below Ethereum then it should be Ethereum that must be th most popular altcoin right now because it is an altcoin as well. so many people will support and invest in BNB, then of course it's very difficult for BNB go bankrupt, unless something happens with BNB like happened with LUNA, then of course BNB will crash and go bankrupt, but if BNB is still as popular and transparent as it is today, then BNB will continue to survive.
Not that many when news that has gone broke about Binance/CZ has came. That's even gonna make people worry about their investments and could sell back their BNBs and turn them into stable coins. We'll never know then but CZ is setting the mood and telling everyone that those news are just made to create a FUD.
|
|
|
Just choose Bitcoin if you want to hold Bitcoin.
None of these things such as wrapped or any other bla bla wrapped bitcoin is safe. It's just made by another dev which has the control to its own network.
Not WTBC, not BBTC or any or other +BTC but only plain BTC alone is the one that you should if you want to make your money on the safe side. If those wrapped bitcoins depegged and you're invested much on it, sorry but you'll remember everyone's reminder here.
|
|
|
My thought happens to be what if a social media app management like Facebook decides to launch its own cryptocurrency?
They did but it's a failure. Facebook is shifting its Libra cryptocurrency plans after intense regulatory pressureFB and Zuckerberg turned this project into more with the Metaverse and he's investing a lot on it like a crazy kid. That's one step when they've changed their company name into 'Meta'. They make whatever they wanna make but it's gonna cost them a fortune and they should be prepared whether it will be a success or not.
|
|
|
There are good and bad problems and I think if someone who's investing too much and forget the wellbeing of his own is on the bad side.
It's a good problem that he's thinking about investing at most times and spends his money on it. But remember that everything that's excess is also bad.
There should be an equal distribution of your time and money for everything so that you won't forget your own welfare.
|
|
|
Looking at that buy feature, it's almost for all currencies that's available to that provider, Moonpay. But since bitcoin.org has a big presence there's probably a private deal between them. Whatever the case, bitcoin.org had it done to get extra bucks.
Yeah, it's like a pretty convenient deal for them that they're allowed to be on that domain of bitcoin.org/en/buy and there's a note of reminder that they're not associated with bitcoin.org. The above widget is provided by a third party provider (MoonPay) and is not associated with bitcoin.org. Maybe the deal is like through every sale commission or just the duration that they'll be displayed on that domain.
|
|
|
i was surprised to see the market today, everything fell in a short time, bitcoin fell around $1000 very fast and looking at coinmarketcap, all coins are red. a few days ago bitcoin rose slowly, but today was very surprising. What happen today? I don't know yet but this is nothing unusual. We like to see bitcoin move up with $1000 on an instant but would be surprised to see that it falls down quickly with the same amount. I haven't seen the news yet but maybe later on we'll see some triggers on what actually happened. So, I'll keep looking for the news on different crypto news websites as they'll be the ones that will do the research for us. This is what volatility really means for us.
|
|
|
Don't think about getting rich quick when trading, because that can affect the results you will get, because if you want to get rich quickly, of course the profit you have to get must also be a lot and the method is by using Leverage x100,
Being quick in getting rich is gonna have yourself fall into losses. That's guaranteed because you're not in the right process for which we know that trading like that is quite hard. if you are reckless then you must be prepared to bury your dreams you to be rich.
Or if you want to have it the slow way and that's a better thing because you'll hit targets slowly but surely. And even it's gonna be hard and slow, at least you're not in a hurry. We know that everything that goes in a hurry is not ending well if it's about making money.
|
|
|
Fees are high on the ETH network, if you can do it with other chain or you're able to support it as well with other alternative chains for the sake of cheaper fees then that's much better.
You know real gamers will come out and will appreciate a game like this as long as it's fun. Able to earn some shares or crypto from it is just not gonna work long term so, if the gameplay is fun at the same time there's a worth it reward for everybody, it's worth it for most.
But as I've said, real gamers will come to your game if the concept is amazing and the fees aren't bothering if there's a need to transact.
|
|
|
What other factors do you think influence memecoin projects?
At most times, it's just all about the hype. Whenever a hype is made and there's the community, that passess on other communities and investors do come for the quick profits. I think it's no longer a secret that everybody knows. A project that has no use case, an unlimited supply but has got a community that's all about profiting and this is a common thing already. Knowing about the next thing depends on how good the PR or marketing of these meme coins. And that's where we're all buying it and makes a FOMO out of us.
|
|
|
Once is enough but if they try to ask you and didn't paid the first loan they took you, what a shame on them. You've helped them without having a second though and when they're able, they did had a second thought of paying you.
Sometimes you have to be hard on these people even if they've got a pitiful situation. They can't get out of that situation because they don't even think of the feelings of the others that they're asking for loan.
That's why karma has always been real and what you did to others will always come back to you depending if it's a good or bad one like this in borrowing.
I agree with you: Borrowing reasonably is one the greatest thing to be kept in consideration. Some people are habitual and keep borrowing money all the time. They never borrow to return. On the other hand some people are great in dealing with their loans. And hopefully most people are like the latter part but they're not. Once is enough but if they try to ask you and didn't paid the first loan they took you, what a shame on them. You've helped them without having a second though and when they're able, they did had a second thought of paying you.
Sometimes you have to be hard on these people even if they've got a pitiful situation. They can't get out of that situation because they don't even think of the feelings of the others that they're asking for loan.
That's why karma has always been real and what you did to others will always come back to you depending if it's a good or bad one like this in borrowing.
Wow, real-talk as it is, but nothing to argue as those people will not learn if they will not bring this kind of things to them. If you will not be straightforward, then there's nothing to reflect with those kinds of people, they will keep asking for more loan and will try every chance that they have to make something out of you and they will just repeat it from time to time. And if they ask the same thing to the people that they've borrowed money and they never paid back, there's no hope for them and I am sure that they are aware of that. It's too much if they are arrogant to ask them again for some loan when they've never have the guts to pay or ask them for some extension because they have no intention of paying them.
|
|
|
Those people have no courtesy and respect to the lenders. When they are in need, the lenders have given them the money they're asking but in return, they intentionally want to default.
Actually, if this happens in the circle of your family and relatives. Then, it's a good riddance as you get rid of those people so that they won't come near again you asking for some money.
And they'll be the one that's ashame of asking that from you again if they didn't pay you their obligation for the loan.
Yeah right, there's an instance that you have no choice but to lend them money but if by chance they will not pay you back. You have to let it go as they can't look into your eyes and ask for more since you already give them and you are not willing to let them to barrow again. It's really hard, especially if the person is close to you and the trust that you give them will be broken that feeling between you will be damaged, and it's hard to recover that same trust again. Once is enough but if they try to ask you and didn't paid the first loan they took you, what a shame on them. You've helped them without having a second though and when they're able, they did had a second thought of paying you. Sometimes you have to be hard on these people even if they've got a pitiful situation. They can't get out of that situation because they don't even think of the feelings of the others that they're asking for loan. That's why karma has always been real and what you did to others will always come back to you depending if it's a good or bad one like this in borrowing.
|
|
|
|